Replies to post #96452 on SPDR S&P 500 (SPY)

[jakemem]

Denmo

I think the next time down "on a closing basis" that 1096 will again be a good level to short if we don't make new highs in the days ahead.

Here is a chart where I assign a 1,0 or -1 to each indicator at the close of each day and transfer them to a spreadsheet with calculations that use different combinations to get a Buy or Sell signal (closing basis only). Of all the indicators - the moving averages appear to provide pretty good trend indicators by themselves. I just created this in January going back to December 09. In a couple of weeks, hopefully I will have this backtested to January 08. They are just numbers and calculations with no "judgement" involved. It just looks too darn promising - like a GLENO signal - LOL.

http://stockcharts.com/h-sc/ui?s=MDY&p=D&yr=0&mn=3&dy=10&id=p18474996651&a=191299887

[blasher]

great! for you and Mo ... so happy she kept her job.
Good Luck !!!

[Footquarters]

Great news about Mo








Now if we can get the Dems to do real reform on health care. Competition and Tort reform would do it, with the KISS principle, just one page of law....... So far all the Dems have shown is no change in politics as usual in Washington...... May it continue to snow deeply in Washington, to keep them away from the halls of Congress... The rest of the year will be the snow job by the Dems....

As for stocks, MA support held yesterday. Hold long above 1100 SPX, tradable short below, hold short below 1090 SPX. The 60 min charts are lined up with the support level at 1100 SPX so watch that area today. We ended over bought, but given this is TOM those factors have to be factored in, with the GDP stuff. QQQQ 44.40 hold long above, tradable short below, hold short below 44.10. MA's on all NT charts are compressing so a big move will occur more than likely on Monday or Tuesday, will have to watch for Gleno's NAMO chart of big moves next.